In his speech, the Chancellor made no mention of non-doms. The Treasury team responsible for the recent consultation on changing the tax rules for non-doms had already indicated that the outcome of that exercise would not be released until L Day, along with draft legislation for inclusion in Finance Bill 2016.
This article has been written for the general interest of our clients and to stimulate further thought and enquiry. It does not contain answers to specific situations and it is therefore essential to treat it as a prompt to take specific advice on any real and particular issues. We believe that the facts as summarised in this article are correct as at the time of going to press. If we discover that the article might be read in a way that conveys a misleading impression (whether by tone, content, error or omission) we will make the necessary changes and draw attention to what has been changed once we become aware of the need to do so. We will not be responsible for any action taken by a reader who relies on the article but does not seek further advice to answer any specific query.